Price action , support resistance does not work in ES

Discussion in 'Index Futures' started by spudpei, Feb 26, 2021.

  1. Not on a relentless trend day.
     
    #81     Jun 8, 2021
    murray t turtle likes this.
  2. %%
    WORKS well on a relentless trend day;
    may not pull back much like it usually does.
    BUT have to realize CME designed ES for trading+ many of ES traders read the same books we did, so i like stuff like etfs + leveraged ETFs that may pay a small dividend + may decay a bit depending how relentless the trend is............................................................
    I like CME silver + copper benchmarks better/ but cash markets mostly on those. I thought it was bit strange, the metals dealer helper took out her pen + upped the price of cash copper; so i said ''thanks''
     
    #82     Jun 10, 2021
    Laissez Faire likes this.
  3. wrbtrader

    wrbtrader

    Could be worst...you could have messed with a horse.



    wrbtrader
     
    #83     Jun 20, 2021
  4. volpri

    volpri

    Well sort of. Dirt will be left over when planting a fence post on waxing (increasing) towards full moon and post will thus become loose afterwards. However, if planting the post on the waning (decreasing) moon there will not be enough dirt to fill it back up because of exceptional hard compaction and the post will be tight and not loosen up. How that applies to trading I am not sure. Maybe need wider SL’s on waxing moon and can use tighter on waning moon? LOL so, full moon max SL needed??
     
    #84     Nov 14, 2021
  5. volpri

    volpri

    Don’t forget the “moon phenomena” as ON brought up.
     
    #85     Nov 14, 2021
  6. volpri

    volpri

    I feel the pain….I used to ride broncs in my younger days….
     
    #86     Nov 14, 2021